1241 60th Street Brooklyn, NY 11219
Two buildings with four units total in prime location.
- Added:
- Jan 10, 2025
- Days on Market:
- 548
- Last Refresh:
- May 19 at 8:38 pm
Property Features for 1241 60th Street
General Information
- Standard status
- Active
- Size
- 2,780 SF
- Lot size
- 0.07 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1925
Listing office RE/MAX Edge (718) 612-3088
Listing date Jan 10, 2025
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Edge
Investment Insights
Based on property information with market context.
Key Highlights
- Rare opportunity: Two buildings (4‑family total) on a single lot.
- Prime location: Situated in a highly desirable neighborhood with high visibility and convenient access.
- Private driveway: Offers secure and convenient parking.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.1k | $43.20 |
| − Vacancy | −$5.4k | −$1.94 |
| EGI | $114.7k | $41.26 |
| − OpEx | −$34.4k | −$12.38 |
| NOI | $80.3k | $28.88 |
